Fresnillo Plc (FRES) Earns Neutral Rating from Analysts at BNP Paribas
Analysts at BNP Paribas assumed coverage on shares of Fresnillo Plc (LON:FRES) in a research note issued to investors on Thursday. The firm set a “neutral” rating and a GBX 1,500 ($19.36) price target on the stock. BNP Paribas’ price objective would indicate a potential downside of 6.60% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. Goldman Sachs Group Inc reiterated a “sell” rating and issued a GBX 1,050 ($13.55) price objective on shares of Fresnillo Plc in a research report on Thursday, March 16th. Macquarie reiterated a “neutral” rating and issued a GBX 1,300 ($16.78) price objective on shares of Fresnillo Plc in a research report on Monday, February 6th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,840 ($23.75) price objective on shares of Fresnillo Plc in a research report on Wednesday, February 8th. Deutsche Bank AG lowered their price objective on Fresnillo Plc from GBX 1,320 ($17.04) to GBX 1,150 ($14.84) and set a “hold” rating on the stock in a research report on Wednesday, March 1st. Finally, Citigroup Inc increased their price objective on Fresnillo Plc from GBX 1,100 ($14.20) to GBX 1,225 ($15.81) and gave the stock a “sell” rating in a research report on Friday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,434.50 ($18.52).
Fresnillo Plc (LON:FRES) opened at 1592.00 on Thursday. Fresnillo Plc has a 52 week low of GBX 993.50 and a 52 week high of GBX 2,057.21. The stock has a 50 day moving average price of GBX 1,525.51 and a 200 day moving average price of GBX 1,424.08. The company’s market cap is GBX 11.73 billion.
The company also recently announced a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be paid a €0.22 ($0.24) dividend. This represents a yield of 1.17%. The ex-dividend date is Thursday, April 27th. This is a boost from Fresnillo Plc’s previous dividend of $0.03.
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About Fresnillo Plc
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.
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